Skip to content

516 N Independence Street

Tipton, IN 46072

ActiveListed Jun 22, 2026 · 93 days on market

Key facts

Beds
2
Baths
1 full
Living area
1,134 sqft
Lot
0.14 acres
Year built
1903
Type
Residential · Single Family Residence
Stories
One
Garage
1 space
MLS #
22109354
County
Tipton
Subdivision
No Subdivision

About this home

Opportunity awaits in the heart of downtown Tipton! This charming 2-bedroom older home is ready for its next chapter and offers endless potential for investors, renovators, or buyers looking to create their dream home. While the property is in need of updates and cosmetic improvements, it features solid bones and plenty of character waiting to be restored. The attic space has been framed in & waiting for your finishing touch! Enjoy the shade of the large trees in the back while relaxing to the sounds of nature! Situated on a spacious lot, this unique offering provides extra room for expansion, recreation, gardening & endless opportunities. Enjoy the convenience of being just minutes from downtown shops, dining, parks, and community events. Whether you're looking for a renovation project, an investment property, or a place to make your own, this home presents a rare chance to own in a desirable downtown location for a great price. Bring your vision and unlock the possibilities! Property is being sold as-is.

Description provided by the listing brokerage.

Interior

Interior features
Attic StairwayKitchen IslandPaddle FanEat-in KitchenPantry
Other rooms and areas
Bedroom Other on Main
Laundry
Laundry Closet
Windows
Vinyl Windows
Rooms
5
Main-level bedrooms
2
Condition
Fixer

Exterior

Exterior features
Barn Mini
Patio and porch
CoveredPatio
Construction
Vinyl Siding
Foundation
Crawl Space
Style
Traditional
Parking and garage
DetachedGravel

Systems

Heating
Natural Gas
Cooling
Central AirWindow Unit(s)
Water
Public
Utilities
Cable AvailableElectricity ConnectedSewer ConnectedWater ConnectedSee Remarks

Lot and HOA

Lot features
City LotCurbsNot In SubdivisionSidewalksMature Trees

Schools

School district
Tipton Community School Corp

Taxes

Estimated annual tax
$192 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$825per month, estimated
Principal and interest $756Property tax $16Insurance $53
20% · $30,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$150,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.